54,100 Shares in Archer Aviation Inc. (NYSE:ACHR) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Archer Aviation Inc. (NYSE:ACHR – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 54,100 shares of the company’s stock, valued at approximately $527,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its stake in shares of Archer Aviation by 54.



7% in the fourth quarter. Harbour Investments Inc. now owns 3,097 shares of the company’s stock worth $30,000 after acquiring an additional 1,095 shares in the last quarter.

GPS Wealth Strategies Group LLC boosted its holdings in Archer Aviation by 708.3% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,395 shares of the company’s stock valued at $33,000 after purchasing an additional 2,975 shares in the last quarter.

Tidal Investments LLC increased its stake in Archer Aviation by 29.9% in the third quarter. Tidal Investments LLC now owns 14,518 shares of the company’s stock valued at $44,000 after purchasing an additional 3,339 shares during the last quarter.

US Bancorp DE grew its holdings in shares of Archer Aviation by 2,725.3% during the fourth quarter. US Bancorp DE now owns 4,464 shares of the company’s stock worth $44,000 after purchasing an additional 4,306 shares during the last quarter.

Finally, Townsquare Capital LLC grew its holdings in shares of Archer Aviation by 25.6% during the third quarter. Townsquare Capital LLC now owns 14,877 shares of the company’s stock worth $45,000 after purchasing an additional 3,033 shares during the last quarter.

Hedge funds and other institutional investors own 59.34% of the company’s stock. Insider Buying and Selling at Archer AviationIn other Archer Aviation news, CTO Thomas Paul Muniz sold 50,000 shares of the firm’s stock in a transaction on Tuesday, January 7th.

The shares were sold at an average price of $12.00, for a total value of $600,000.00.

Following the sale, the chief technology officer now directly owns 1,070,360 shares in the company, valued at $12,844,320. This trade represents a 4.46 % decrease in their position.

The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tosha Perkins sold 49,273 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $7.

70, for a total transaction of $379,402.10. Following the completion of the sale, the insider now owns 232,396 shares of the company’s stock, valued at approximately $1,789,449.

20. The trade was a 17.49 % decrease in their position.

The disclosure for this sale can be found here. Insiders sold 474,780 shares of company stock valued at $3,758,081 in the last quarter. Company insiders own 9.

75% of the company’s stock. Archer Aviation Stock Down 3.8 %Archer Aviation stock opened at $6.

93 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.

03 and a current ratio of 6.03. The company has a 50-day simple moving average of $8.

56 and a 200-day simple moving average of $6.95. The firm has a market capitalization of $3.

76 billion, a P/E ratio of -5.25 and a beta of 3.14.

Archer Aviation Inc. has a one year low of $2.82 and a one year high of $12.

48. Archer Aviation (NYSE:ACHR – Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.

30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10.

As a group, equities analysts expect that Archer Aviation Inc. will post -1.32 earnings per share for the current year.

Analysts Set New Price TargetsA number of analysts have weighed in on the company. Canaccord Genuity Group increased their price objective on Archer Aviation from $13.00 to $13.

50 and gave the stock a “buy” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft lifted their price target on Archer Aviation from $11.00 to $15.

00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Cantor Fitzgerald increased their price objective on shares of Archer Aviation from $10.00 to $13.

00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Needham & Company LLC increased their target price on Archer Aviation from $11.00 to $13.

00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, HC Wainwright reissued a “buy” rating and issued a $12.50 price target on shares of Archer Aviation in a report on Friday, February 28th.

Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Archer Aviation has an average rating of “Moderate Buy” and a consensus price target of $11.

61.Check Out Our Latest Stock Report on ACHRArcher Aviation Profile (Free Report)Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp.

and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.Featured ArticlesFive stocks we like better than Archer AviationWhat is the Dow Jones Industrial Average (DJIA)?Shares of RH Down Nearly 40%: Where Investors Can Turn To Now3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Tariffs, Spin-Out, and R2 Updates Are Positive Signs for RivianThe 3 Best Blue-Chip Stocks to Buy NowCathie Wood Loads Up on Baidu—Is It the Right Time to Buy?Want to see what other hedge funds are holding ACHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Aviation Inc.

(NYSE:ACHR – Free Report)..